Applied Finance Capital Management LLC Sells 12,142 Shares of Tyson Foods, Inc. $TSN

Applied Finance Capital Management LLC reduced its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 4.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 246,148 shares of the company’s stock after selling 12,142 shares during the period. Applied Finance Capital Management LLC’s holdings in Tyson Foods were worth $14,429,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. CIBC Private Wealth Group LLC raised its stake in shares of Tyson Foods by 10.6% during the third quarter. CIBC Private Wealth Group LLC now owns 1,862 shares of the company’s stock valued at $101,000 after acquiring an additional 179 shares during the last quarter. Matrix Trust Co raised its stake in shares of Tyson Foods by 28.8% during the fourth quarter. Matrix Trust Co now owns 818 shares of the company’s stock valued at $48,000 after acquiring an additional 183 shares during the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych raised its stake in shares of Tyson Foods by 10.0% during the third quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 2,200 shares of the company’s stock valued at $119,000 after acquiring an additional 200 shares during the last quarter. Focus Partners Advisor Solutions LLC raised its stake in shares of Tyson Foods by 1.2% during the third quarter. Focus Partners Advisor Solutions LLC now owns 18,074 shares of the company’s stock valued at $975,000 after acquiring an additional 210 shares during the last quarter. Finally, Camelot Portfolios LLC raised its stake in Tyson Foods by 1.3% during the fourth quarter. Camelot Portfolios LLC now owns 17,776 shares of the company’s stock worth $1,042,000 after buying an additional 228 shares during the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Trading Down 1.3%

NYSE:TSN opened at $65.78 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.83 and a quick ratio of 0.70. The firm has a 50-day moving average of $63.77 and a 200-day moving average of $60.65. The company has a market cap of $23.16 billion, a PE ratio of 51.79, a PEG ratio of 1.37 and a beta of 0.40. Tyson Foods, Inc. has a one year low of $50.56 and a one year high of $69.48.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, May 4th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.76 by $0.11. The company had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.63 billion. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.92 earnings per share. As a group, equities research analysts expect that Tyson Foods, Inc. will post 4.1 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, September 1st. Tyson Foods’s dividend payout ratio is presently 160.63%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on TSN shares. Piper Sandler reissued an “overweight” rating and set a $80.00 target price on shares of Tyson Foods in a research note on Monday, May 4th. JPMorgan Chase & Co. lowered their target price on shares of Tyson Foods from $67.00 to $65.00 and set a “neutral” rating for the company in a research note on Tuesday, March 24th. Argus raised shares of Tyson Foods to a “hold” rating in a research note on Friday, February 6th. Barclays lifted their target price on shares of Tyson Foods from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 3rd. Finally, Stephens lifted their target price on shares of Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 5th. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $68.27.

About Tyson Foods

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.